International Game Technology (IGT) : Analyst Rating Update

International Game Technology (IGT) : Zacks Investment Research ranks International Game Technology (IGT) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 1.67, which indicates as a Buy.

International Game Technology (IGT) : The consensus price target for International Game Technology (IGT) is $23.3 for the short term with a standard deviation of $1.99. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $26, however, the pessimist price target for the company is $21.

International Game Technology (NYSE:IGT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.02 and $17.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.22, notching a gain of 0.16% for the day. The total traded volume was 465,035 . The stock had closed at $18.19 on the previous day.

The company shares have rallied 4.66% from its 1 Year high price. On Aug 11, 2015, the shares registered one year high at $20.03 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $18.60 and the 200 Day Moving Average price is recorded at $16.70.

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